> 数据图表请问一下4.6 恒立液压：主业稳健向上，机器人业务兑现确定性高2025-5-64.6 恒立液压：主业稳健向上，机器人业务兑现确定性高恒立液压【东吴机械】（亿元）1、油缸YoY毛利率占比（1）重型装备用非标准油缸YoY毛利率占比（2）挖掘机专用油缸YoY毛利率占比2、泵阀YoY毛利率占比（1）挖机泵阀YOY（2）非标泵阀YOY（3）马达收入YOY（4）其他产品/服务(液压辅件)3、配件及铸件YoY毛利率占比4、液压系统YoY毛利率占比5、线性驱动器YoY毛利率占比6、其他业务YoY毛利率占比收入合计YoY综合毛利率国内收入YOY毛利率海外收入YOY毛利率20215215%44%56%1614%44%17%3512%45%37%3238%52%35%19.665%4.0065%5.2668%3.437-20%4%7%2.025%45%2%0.20%71%0%93 19%44.0%81 17%45%12 33%38%202246-12%39.6%56%1816%42%22%27-23%39%33%28-15%48%34%11.92-39%6.8271%5.15-2%3.666-15%3%7%2.510%45%3%0.30%93%0%82 -12%40.3%64 -20%42%18 42%34%2023472.4%41.2%53%2324%42%25%24-9%40%27%3318.6%47.6%37%12.011%10.2450%7.0316%3.40717%16%7%2.915%39%3%0.60%80%1%89.3 9.3%41.6%70 9%43%19 10%37%2024472513%43%27%22-10%41%23%369.6%48.2%38%12.736%11.3010%7.547%4.2672%15%7%3.02%38%3%0.710%80%1%93.2 4.5%41.6%73 4%43%20 6%41%2025E2026E2027E5413%42%49%284%43%25%2722%42%24%4215%48%38%15.7621%14.2516%8.8810%3.40810%15%7%3.510%35%3%3.00200%18%3%0.60%80%1%112 15%41.6%85 15%41%27 15%44%599%43%47%308%43%24%2910%42%23%4712%48%38%17.7613%16.3515%9.7610%3.40910%15%7%3.910%35%3%5.5083%48%4%0.60%80%0%125 12%42.7%101 20%141%24 -13%-375%6611%43%44%328%43%22%3315%43%22%5413%48%36%20.5816%18.8615%10.7410%3.40 1010%15%7%4.310%35%3%16.00191%48%11%0.60%80%0%150 20%43.1%122 20%141%28 19%-376%数据来源：Wind，东吴证券研究所52东吴证券综合其他
